Thanks, north, informative and we shall see if history repeats itself. Your earlier example, the pharma company I think was a Mass company but may have been incorporated under Delaware law as well. Was the 90% simply the buyer's choice or did the law convey special rights with the 90%?. In any event, I stick to my original assessment. Remember it is a no brainer if Elliot takes its usual 10%. GE won't get its desired 90% but will get some percentage of ownership and we shall see if GE gets its desired level and what level that is and how it acts. Will it complete the TO if it gets say 70 to 80% as I suspect?? Also whether its worth trading the stock and keeping this board going which I hope it does. I'm torn between wanting more money and GE having to take less than 90% and keeping this board and stock alive for future gains. Not sure how the stock will trade but with GEs clout and money, assuming it continues to sell to all comers, the stock could get a real nice boost but probably not 600 for a while.
It is an interesting game and I still am shocked at the lack of competing offers or complaining about the price. THe only ones expressing unhappiness with the price are posters, some of which are shouting for 600. NOw that will be a gain. But does anyone think GE will offer 600. I do not. Absent a competing offer, don't even think GE will offer more and I will be burned for not selling all above 35. We shall see. But keep the info and discussion coming.
